-- Posted Tuesday, 9 July 2013 | | Disqus
| Close | Gain/Loss |
Gold | $1248.40 | +$11.90 |
Silver | $19.22 | +$0.16 |
XAU | 85.98 | +1.18% |
HUI | 214.09 | +1.02% |
GDM | 640.98 | +1.23% |
JSE Gold | 1168.08 | -16.80 |
USD | 84.60 | +0.40 |
Euro | 127.84 | -0.86 |
Yen | 98.98 | -0.11 |
Oil | $103.53 | +$0.39 |
10-Year | 2.630% | -0.015 |
T-Bond | 133.50 | UNCH |
Dow | 15300.34 | +0.50% |
Nasdaq | 3504.26 | +0.56% |
S&P | 1652.32 | +0.72% |
The Metals:
Gold climbed $23.70 to $1260.20 in Asia before it fell back off in London and New York to as low as $1241.90 at about 2:20PM EST, but it then rallied back higher in the next hour of trade and ended with a gain of 0.96%. Silver rose to $19.506 before it fell back to $19.066 in London, but it then bounced back higher in New York and ended with a gain of 0.84%.
Euro gold rose above €976, platinum gained $4.05 to $1360.70, and copper fell four cents to about $3.07.
Gold and silver equities rose almost 3% in the first half hour of trade before they fell back towards unchanged by midafternoon, but they then rallied back higher into the close and ended with over 1% gains.
The Economy:
IMF Reduces Global Growth Projections as U.S. Expansion Weakens Bloomberg
Job Openings in the U.S. Climbed in May as Hiring Picked Up Bloomberg
U.S. Banks Face Two Ratios as FDIC Sets Capital Vote Bloomberg
Small business confidence slips in June Reuters
Tomorrow at 10AM EST brings the Wholesale Inventories report for May expected at 0.3% and at 2PM is the release of FOMC Minutes from the fed’s June 19th meeting.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil turned higher in late trade and ended with a decent gain on worries about further violence in Egypt.
The U.S. dollar index rose as the euro fell “after European Central Bank policymaker Joerg Asmussen told Reuters Insider that forward guidance on interest rates extends beyond 12 months.”
Treasuries fell back to unchanged after today’s $32 billion 3-year note auction sold at yield of 0.719% with a bid to cover of 3.35.
The Dow, Nasdaq, and S&P rose on decent earnings reports.
Among the big names making news in the market today were Hostess, Kroger, Glimcher, and Tesla.
GATA Posts:
Updates on the Indian government's war against gold
Jaco Schipper: Zijlstra's legacy and the 21st-century renaissance of gold
Pat Heller: Where's the gold?
Zero Hedge: Gold GOFO rates turn negative for first time since Lehman
Turd Ferguson: Fed's minions have gotten out from under their gold shorts
The Statistics:
As of close of business: 7/08/2013
Gold Warehouse Stocks: | 7,202,488.040 | -95,675.789 |
Silver Warehouse Stocks: | 165,557,752.127 | -47,390.47 |
Global Gold ETF Holdings
[WGC Sponsored ETF’s]
| Product name | Total Tonnes | Total Ounces | Total Value |
New York Stock Exchange Arca (NYSE Arca) AND Singapore Exchange (SGX) AND Tokyo Stock Exchange (TSE) AND Hong Kong Stock Exchange (HKEx) AND Mexico Stock Exchange (BMV) | SPDR® Gold Shares | 946.960 | 30,445,701 | US$38,202m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) | Gold Bullion Securities | 138.13 | 4,441,056 | US$5,545m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam | ETFS Physical Gold | 152.66 | 4,908,200 | US$8,004m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$448m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 42.43 | 1,364,075 | US$1,654m |
Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 15.027 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 180.05: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,034.95: -16.51 change from yesterday’s data.
The Miners:
Turquoise Hill’s (TRQ) concentrate shipments, Huldra Silver’s (HDA.V) credit facility advance and CEO appointment, Nevsun’s (NSU) operating results, and Centamin’s (CEE.TO) production results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Mag Silver | MVG +7.52% $5.43 |
2. Tanzanian Royalty | TRX +7.26% $2.66 |
3. McEwen | MUX +6.67% $1.76 |
LOSERS
1. Eurasian | EMXX-3.95% $1.19 |
2. Golden Minerals | AUMN-3.85% $1.25 |
3. Buenaventura | BVN -3.21% $13.89 |
Winners & Losers tracks NYSE and AMEX listed gold and silver mining stocks that trade over $1.
Please see Yahoo’s Mining/Metals News Wire for all of today’s mining news.
- Chris Mullen, Gold Seeker Report
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© Gold Seeker 2013
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-- Posted Tuesday, 9 July 2013 | Digg This Article
| Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Gain Almost 1%
